Wellington Management Group LLP Has $53.67 Million Position in JBT Marel Corporation $JBTM

Wellington Management Group LLP increased its stake in JBT Marel Corporation (NYSE:JBTM) by 21.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 370,129 shares of the company’s stock after acquiring an additional 65,589 shares during the period. Wellington Management Group LLP’s holdings in JBT Marel were worth $53,669,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of JBTM. Walleye Capital LLC acquired a new position in shares of JBT Marel during the second quarter valued at $3,953,000. Bank of America Corp DE increased its position in JBT Marel by 2.3% in the first quarter. Bank of America Corp DE now owns 466,741 shares of the company’s stock worth $59,682,000 after purchasing an additional 10,714 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in JBT Marel by 9,103.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,376 shares of the company’s stock worth $3,522,000 after purchasing an additional 23,122 shares during the period. Bessemer Group Inc. raised its holdings in JBT Marel by 127.3% during the 4th quarter. Bessemer Group Inc. now owns 386,767 shares of the company’s stock worth $58,275,000 after purchasing an additional 216,602 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in JBT Marel by 4.4% during the 4th quarter. Royce & Associates LP now owns 668,588 shares of the company’s stock worth $100,736,000 after purchasing an additional 28,335 shares during the last quarter. Institutional investors and hedge funds own 98.92% of the company’s stock.

Analyst Ratings Changes

JBTM has been the topic of several recent research reports. Wall Street Zen lowered shares of JBT Marel from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Seaport Research Partners set a $165.00 price target on shares of JBT Marel in a research note on Thursday, May 21st. Oppenheimer began coverage on shares of JBT Marel in a research note on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price objective on the stock. Weiss Ratings lowered shares of JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Finally, KeyCorp started coverage on shares of JBT Marel in a research report on Tuesday, August 25th. They set an “overweight” rating and a $150.00 target price for the company. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $168.50.

JBT Marel Price Performance

JBT Marel stock opened at $117.54 on Friday. The firm has a market capitalization of $6.10 billion, a P/E ratio of 32.03, a PEG ratio of 1.28 and a beta of 0.92. JBT Marel Corporation has a 1 year low of $113.23 and a 1 year high of $170.19. The business has a 50-day moving average of $130.20 and a 200-day moving average of $133.04. The company has a current ratio of 1.24, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings results on Monday, August 3rd. The company reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.07). JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. The firm had revenue of $981.00 million during the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. On average, equities analysts anticipate that JBT Marel Corporation will post 8.04 EPS for the current year.

JBT Marel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were issued a $0.10 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.40 annualized dividend and a yield of 0.3%. JBT Marel’s dividend payout ratio (DPR) is 10.90%.

About JBT Marel

JBT Marel Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.